Category Archives: Syndicated
BlackRock names Saudi Aramco CEO Amin Nasser to board
(CNBC) BlackRock said Monday that Amin Nasser, the CEO of Saudi Aramco, the world’s largest oil company, is joining the asset manager’s board of directors. The world’s largest asset manager said the move reflects the firm’s emphasis on the Middle […]
Ripple says U.S. banks will want to use XRP cryptocurrency after partial victory in SEC fight
(CNBC) Blockchain startup Ripple is confident U.S. banks and other financial institutions in the country will start showing interest in adopting XRP in cross-border payments after a landmark ruling determined the token was not, in itself, necessarily a security. The […]
U.S. lawmakers extend social media investigation to Meta’s Threads
(CNBC) House Judiciary Chair Jim Jordan, R-Ohio, has asked Meta CEO Mark Zuckerberg to hand over documents about content moderation on Threads in response to an earlier subpoena related to the panel’s ongoing investigation of tech platforms’ policies and contact […]
Quant Two Sigma to employ human touch in trading
(Hedgeweek) Two Sigma Investments, the $60bn quant hedge-fund giant known for using computer-driven algorithms to make money, is looking to add a human touch to its investment strategies for the first time by employing traders who use their own personal […]
Stock futures inch lower to start the week: Live updates
(CNBC) Stock futures dipped slightly in evening trading Sunday ahead of a busy week for corporate earnings. Futures tied to the Dow Jones Industrial Average lost 50 points, or 0.16%, while S&P 500 futures slipped 0.13%. Futures connected to the […]
Elon Musk says Twitter cash flow is negative due to ad revenue declines, ‘heavy debt’
(CNBC) Tesla and SpaceX CEO Elon Musk, who is also CTO and executive chairman of Twitter, said early Saturday morning that cash flow remains negative at the social media company because of a nearly 50% drop in advertising revenue coupled […]
FTC loses appeals court bid to temporarily block Microsoft-Activision deal
(CNBC) In a victory for Microsoft, the U.S. Appeals Court for the 9th Circuit late on Friday denied the Federal Trade Commission’s motion to temporarily stop Microsoft from closing its $68.7 billion acquisition of video game publisher Activision Blizzard. Microsoft is still […]
Dimon says private equity giants are ‘dancing in the streets’ over tougher bank rules
(CNBC) JPMorgan Chase executives warned Friday that tougher regulations in the wake of a trio of bank failures this year would raise costs for consumers and businesses, while forcing lenders to exit some businesses entirely. When asked by Wells Fargo […]
LTX integrates with Blackrock’s Aladdin
(Hedgeweek) LTX, a subsidiary of fintech Broadridge Financial Solutions, has completed the next phase of a multi-year partnership with Aladdin, BlackRock’s institutional investment management and operations platform, to enhance corporate bond trading workflows. To read this article:
Caxton and Element among H1’s macro losers
(Hedgeweek) Some of the world’s biggest macro traders slumped in the first six months of the year, with Andrew Law’s Caxton Macro hedge fund and Jeff Tallinn’s Element Capital Management among the big name managers seeing first half losses, according […]
SEC Charges RSE Markets Inc. for Operating an Unregistered Securities Exchange
(HedgeCo.Net) The Securities and Exchange Commission has announced settled charges against RSE Markets Inc. for operating as an unregistered exchange by maintaining and providing a marketplace and facilities that brought together purchasers and sellers of securities, specifically equity interests in […]
Stock futures are mixed ahead of big bank earnings: Live updates
(CNBC) Stock futures were mixed early Friday morning as investors awaited earnings reports from a slate of big banks. Futures tied to the S&P 500 were down by 0.06%. Dow Jones Industrial Average futures inched lower by 61 points, or […]